Usual disclaimer: I am not an expert; this is not financial advice; it is my opinion & you take it or leave it at your own risk. 1) The simple fact of having 3 credit cards does not preclude getting more; I currently have 5, of which 2 have ongoing balances. You do, however, need to limit your applications to providers which are not the same ...

Usual disclaimers: I am not an expert; this is not financial advice; it is my opinion and take it or leave it at your own risk. 1) If you plough it into the current mortgage and then can't keep up with the payments, you stand as much chance of being repossessed for £46k as you do for £156k. Therefore, the question is whether you ...

The usual wisdom is that it is unwise (in pure financial terms) to save whilst in debt, because you will pay a higher rate for your borrowing than you will ever get for your savings. Whether it is "a good idea", however, does not depend on pure financial logic alone. I choose to keep savings that I could be using to reduce my debts ...

Usual disclaimer: I'm not an expert, this is just my opinion, etc. Your credit score means very little... lenders score based on their own criteria, which tend to have more to do with whether you'll make them a profit than whether you're "a good risk". For the record, I'm 29, never earned more than 24k in my life, ...

1) You lose nothing but time and a few pence for a phone call by ringing them, explaining that the account is in credit and requesting a refund. They will probably oblige, though this might be via a cheque in the post rather than immediate transfer. 2) If you do have the facility to make such transfers yourself (i.e. credit card cheques or ...

The correct reply to this is: consult a duly qualified financial adviser (which I am not). My personal opinion (which is not financial advice) is that 6 months is not long enough to invest; you probably have little option but to keep it in a savings account (or more than one). Based on the recent failure of several banks, choose one that you ...

Disclaimer: I am neither a lawyer nor an expert; the following is my opinion and experience (not financial advice) and you use it at your own risk. >1st - if I have a current account and personal loan with HBOS, can I close my current account and open one with Abbey (for example), even though I still have a loan with HBOS? Would I have to pay ...

The idea behind storage heaters is that they charge up overnight on cheap rate electricity, store heat in thermal bricks and then release it when required. First, make sure that you are on an Economy 7 tariff with your electricity provider - this gives you cheap rate electricity between certain times - usually midnight to 7am, but this can vary. ...

I don't know of anywhere that allows you to create/destroy accounts on the fly, but both Egg and Sainsbury's Bank allow you to open multiple named savings accounts for this purpose. The bad news is that these are savings accounts rather than current accounts, so they don't come with a debit card or the facility to accept direct debits. ...

> Q1 What can i do to improve my credit rating - every credit card has a payment plan on due to the IVA so i can use them even though 1 is in credit. There is a useful, detailed article on this topic over at MSE: which explains far more than I ever could. Be wary of spending any money on "improving your credit score" - your ...